AMERICAN BITCOIN CORP-A (ABTC) Technical Analysis
NASDAQ:ABTC • US02462A1043
Current stock price
ABTC Technical Rating and Analysis
Taking everything into account, ABTC scores 0 out of 10 in our technical rating. ABTC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than ABTC.
- ABTC is one of the lesser performing stocks in the Software industry. 90% of 275 stocks in the same industry do better.
- ABTC has an average volume of 13320100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ABTC has a been trading in the 0.77 - 1.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ABTC Weekly and Daily overview Charts
ABTC Setup Rating and Analysis
Although the technical rating is bad, ABTC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
ABTC Support and Resistance Analysis
0.84
When analyzing the support we notice one important area.
- A support zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.96 to 0.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
ABTC Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ABTC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ABTC is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ABTC has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ABTC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ABTC is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 46.11 | NEUTRAL | The RSI value for ABTC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ABTC has a positive trend. |
| Stochastics (14,3) | 71.7 | NEUTRAL | The Stochastics value for ABTC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.13 | HIGH VOLATILITY | The high ATR as a percentage value for ABTC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.97 | POSITIVE | The high ADX value value for ABTC suggests a strong trend. |
ABTC Chart- and CandleStick Pattern Analysis
ABTC Technicals: Chart, Performance Metrics, Trend & Indicators
0.9522
+0.01 (+1.05%)
AMERICAN BITCOIN CORP-A / ABTC TA FAQ
Can you provide the ChartMill technical rating for AMERICAN BITCOIN CORP-A?
ChartMill assigns a technical rating of 0 / 10 to ABTC.
What is the trend direction for ABTC stock?
The current trend direction for AMERICAN BITCOIN CORP-A (ABTC) is Bearish.
What is the RSI signal for ABTC stock?
AMERICAN BITCOIN CORP-A (ABTC) has an RSI value of 46.1088. This indicates that the stock is currently neutral.
What is the buy/sell signal for ABTC stock?
The buy/sell signal for AMERICAN BITCOIN CORP-A (ABTC) is sell as both the short term and long term trends are negative.
What is the support and resistance level for ABTC stock?
AMERICAN BITCOIN CORP-A (ABTC) has a support level at 0.86 and a resistance level at 0.96. Check the full technical report for our detailed analysis of ABTC support and resistance levels.